FOMC sentiment will end today Gold will be bearish
Fundamentally speaking
Fed not cutting interest rate had a huge impact yesterday market was bullish from 1980-1940. But also Powell said they will be cutting rates in the future so sentiment of yesterday should break in today's US session allowing the gold to come back to 1980.
Technically this was the market second hike after 2145 which should result in market making a huge move towards the downside even breaking 1980 towards 1900
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Fed not cutting interest rate had a huge impact yesterday market was bullish from 1980-1940. But also Powell said they will be cutting rates in the future so sentiment of yesterday should break in today's US session allowing the gold to come back to 1980.
Technically this was the market second hike after 2145 which should result in market making a huge move towards the downside even breaking 1980 towards 1900
Follow for more